Taking a Few Swings at Long-Term Growth

Manager David Alan Rolfe applies lessons from golf to beat the market.

One can learn a few things about people while observing their qualities on a golf course. Immediately, technique, precision and patience come to mind. Even the most inexperienced amateur knows that successful shots require studying the terrain, choosing the right tool and swinging with a purpose.

For fund manager and golf enthusiast David Alan Rolfe of Wedgewood Partners, the same principles learned on the back nine of technique, precision and patience stilly apply when studying up on what companies to buy. Rolfe, who...